It has been
several days since the President gave his State of the Union Address. Unlike many of my contemporaries, I like to
wait a few days and re-read, and digest his remarks several times or otherwise
like them, I would just pen worthless vitriolic dispositions either in praise
or disdain for the Commander in chief. I mean truth be told I anticipate and
expect that all politicians, regardless of party, sex and/or gender LIE.
I listened attentively
to the #SOTU on the radio and afterwards, downloaded a copy of the text of the
complete address. There are several
things that stood out which in reality are both true and false, depending on
which side of the tracks you are located. First, he stated: “The lowest unemployment rate in over
five years. A rebounding housing market.”
This is basically
what the President has been repeating for the last few years as if he believed
just by saying it over and over again it will make it true. First and foremost, housing market is flat and uneven across the nation, let alone rebounding. Fact is that only
an idiot would believe the happy talk
coming out of the White House, Federal Reserve and Treasury Dept. when it comes
to the real unemployment rate and just how bad (and bad isn’t good in this
case) major segments of the US population are doing from an economic purview.
The true unemployment rate of those not working is almost 40 percent and not the 6.7%
advertised by the Fed. By sheer tricknology alone, Obama Keynesian economists
cite the rising US stock market as evidence the economy is picking up steam yet
simultaneously act truly surprised by the lack of hiring across the nation.
Their description of the unemployment rate only describes people who are
currently working or looking for work which mean if you are unemployed and not
seeking a job you may as well be employed by their math since unemployment in
its truest definition refers to the portion of people who do not have any job,
full or part-time. Not to mention that as a nation, we need to add at least 127,000
jobs each month just to keep up with our annual population increase. In December
we saw only 74,000 jobs added, of which most were temporary and part-time for
the holiday season and represented the lowest increase since Jan 2011.
The manner in
which unemployment presently is calculated doesn’t even include folk who have
just entered the labor force and haven't found a job. Which brings us to his
last point and begs the query, why and how is the US stock market hitting theserecord highs while so many are unemployed? For one, 95 percent of the new income that has been generated since 2009 has mostly gone to
the top 1 percent. This has mainly been
the result of the Administrations “top down” economic policies which encourage companies
to keep their profits strong by not hiring folk. Moreover, there is Quantative Easing (QE) which
promotes that every month, the Federal Reserve buy bonds so it can inject $85
billion into the money supply. So the folk with money in essence can make more money
why all else feel this devaluation of the currency in our pockets since the
result is inflation that only pushes all prices higher, including stocks.
Then there is
Obamacare, which is really a throwback tariff that in essence enables big companies
to get paid for each full-time worker they cover and provides strong incentives
for small businesses to stay below 50 full-time workers. The reality is that longer
unemployment benefits or subsidized government-run health care are the kind of
policies that contribute to the systemic discouragement of production & employment.
This maybe one factor contributing to the observation that for the first time ever in America,
working-age people now make up the majority in U.S. households that rely on
food stamps.
In simple terms, with a smaller
proportion of Americans in the overall workforce, the policy of the present
administration is plutocratic at best and corporatist at worse since government
benefits are handouts that are approved as acceptable for the wealthy, but bad
for Americans in general – whether employed, under employed or unemployed.
The only thing
that we have to sale to the world if one wants to keep it real are fraudulent
and toxic financial instruments and other complex papers and GMO foods that no
one around the world even wants to purchase. We have money to spend too,
however as of 2012, we have spent $682 billion on defense,
while as a nation we have nearly 4 million U.S. workers laboring at or belowminimum wage, with the percentage of Hispanic and
African-American children living in poverty, growing an now at 36%
- numbers that show how Obama’s economic policy hits and hurts the younger and
more economically disadvantaged members of society more severely.
The President
also stated, “Today, women make up about half our workforce. But they
still make 77 cents for every dollar a man earns. That is wrong, and in
2014, it’s an embarrassment. A woman deserves equal pay for equal work.” I find
this comical albeit it true, but it reminds me that he goes out of his way to
mention women, gays, and even the needs of foreign nation over his largest constituency
– African Americans and the poor. He
never mentioned “poverty” or “the poor”” or “African Americans in his #SOTU
address, and he never will. Don’t hold your breath to hear him say: “A black
person deserves equal pay for equal work. “ Funny seeing that Barack Obamacaptured 93% of the black vote in 2012 and our reward remains to be what it was
under prior presidents - Jobless, homeless and in poverty.
And even “by
lifting the minimum wage to $10.10” this will not change, for if one works
part-time, 29 hours a week for fifty-two weeks they will only make $15,080
annually, a figure still well below the poverty line in the U.S. for an
individual. And the President saying openly that “I will direct the Treasury to
create a new way for working Americans to start their own retirement savings:
MyRA. It’s a new savings bond that encourages folks to build a nest egg.
MyRA guarantees a decent return with no risk of losing what you put in… “ Sounds more like a snake oil salesman that
actually policy given no one can predict or guarantee a return on any investment
without doing some crooked ole shyster shit. And even worse, the audacity for
him to make us give our money to the fraudulent big investment banks that caused
these current troubled fiscal times is anti-American. We saw what happened in
Greece. If this is allowed, then one can be certain that the “my” will become
the property of the government and the banking houses on Wall Street. It is not
by accident that the majority of financial
wealth controlled by the bottom 60 percent of all Americans is just 2.3 percent.
I don’t see
any reality in the conditional’s in the forms of: if”, “can”, and could” mentioned
by the President to help and serve the needs of the hardest hit and still
suffering on Main street. Five years in to Obama’s presidency the number of
African-Americans participating in the labor force is at its lowest point everand still dropping. Still in America, data continues
to show that African Americans are still more likely to get denied a home lone
than other ethnic groups.
Thus it is
easy to see why the current rate for African American men in the labor force
fell to 65.6 percent in December, the lowest on record. I mean in America we
have more than 2.3 million incarcerated across the country, which by law
obviates a convicted felons the right to vote, meaning that the 5.9 million
former and current felons disenfranchised from voting are likely to remain in
poverty, of which 37% of that 5.8 million are African Americans.
The #SOTU only
reinforced what I understand about the present Administration, American
politics and the economic policies of our nation spawned from the bowels of
Wall Street. Both Bush & Obama policymakers destroyed the US economy for
the sake of short-term corporate profits via jobs off-shoring & deregulation
for the folk who already got it good. And no amount of fancy word play can
change that for no matter who is in office, no matter their race or gender, the
rest of us will have to keep on working hard and living in the shadows, that is
if we have a job. And if you think Detriot is bad, in reality that is what the future of America holds, but I will specifically address that later.
4 comments:
I was complete encouraged to accretion this site. I basic to accede you for this adapted read. I in achievement savored every little bit of it and I acquire bookmarked you to assay out new accepting you post.
StaffXperts
coach outlet, michael kors outlet online sale, nike air max, tiffany jewelry, michael kors outlet store, michael kors handbags, christian louboutin shoes, tory burch outlet online, prada handbags, kate spade outlet online, michael kors outlet, oakley sunglasses, louis vuitton outlet, christian louboutin outlet, christian louboutin, nike air max, gucci handbags, louis vuitton handbags, michael kors outlet online, prada outlet, jordan shoes, burberry outlet online, coach outlet, ray ban sunglasses, true religion outlet, michael kors outlet online, chanel handbags, louis vuitton outlet online, red bottom shoes, louis vuitton, oakley vault, ray ban outlet, kate spade outlet, cheap oakley sunglasses, nike outlet, longchamp outlet online, tiffany and co jewelry, burberry outlet online, nike free, polo ralph lauren, longchamp handbags, longchamp outlet, polo ralph lauren outlet, true religion, louis vuitton outlet, coach purses, coach outlet store online
chi flat iron, ugg, ugg outlet, uggs on sale, asics shoes, p90x workout, vans outlet, herve leger, celine handbags, valentino shoes, replica watches, lululemon outlet, giuseppe zanotti, ugg boots, nike trainers, ferragamo shoes, jimmy choo shoes, soccer jerseys, wedding dresses, mont blanc pens, soccer shoes, mcm handbags, beats headphones, north face jackets, ugg boots clearance, reebok shoes, canada goose, abercrombie and fitch, north face jackets, instyler ionic styler, mac cosmetics, ugg soldes, nfl jerseys, ugg outlet, insanity workout, babyliss, canada goose outlet, canada goose outlet, birkin bag, bottega veneta, new balance outlet, canada goose outlet, longchamp, nike huarache, ghd, hollister, uggs outlet, marc jacobs outlet, nike roshe
swarovski uk, thomas sabo uk, gucci, vans, baseball bats, air max, moncler, pandora uk, pandora charms, louboutin, swarovski jewelry, replica watches, converse, juicy couture outlet, converse shoes, moncler outlet, karen millen, ugg, canada goose pas cher, canada goose, montre femme, louis vuitton canada, wedding dress, lancel, ralph lauren, parajumpers outlet, iphone 6 case, uggs canada, juicy couture outlet, hollister clothing, oakley, supra shoes, canada goose, moncler outlet, moncler, pandora jewelry, coach outlet, timberland shoes, nike air max, moncler, moncler, hollister canada, moncler, hollister, canada goose, toms outlet, ray ban, links of london uk
Post a Comment